Increasing Number Of Sport Events Coupled With Emergence Of New Stadiums Across The Globe Is Driving The Growth Of LED Stadium Screens Market, According To Research Nester
“LED Stadium Screens Market: Global
Demand Analysis & Opportunity Outlook 2024”
The global
LED stadium screens market is segmented into product type such as LED ribbon
displays, LED video walls, scoreboard screens, and perimeter LED displays.
Among these segments, scoreboard screens segment is expected to expand at
considerable pace during the forecast period. Rising demand for
multi-functional scoring display in stadiums is a major factor which is
believed to drive the growth of this segment.
Global LED
stadium screens market is expected to register a 6.9% CAGR over the forecast period.
Moreover, the global LED stadium screens market was valued at USD 1.22 Billion in
2016 and is expected to reach at notable revenue of 2.0 Billion by the end of
forecast period. Additionally, live events and national & international sport
tournaments are major factors which are estimated to propel the demand for LED
stadium screens during the forecast period.
The
full-color LED screens segment by color display is likely to grow at remarkable
pace during the forecast period. The stadium owners are looking forward to install
interactive color displays and to offer high visibility and comfort to the viewers
in the stadiums. Further, high
definition, bright color, zero reflection, wide visible angle, low power
consumption and long service life are the advantages of full-color LED screens
which are fueling the growth of this segment.
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Rising sport activities
Huge popularity of sport events such FIFA, NBA and
others and high investment by organizers to provide better game experience to the
viewers in stadium is escalating the demand for small to very large LED screens
in Stadiums. Further, increasing number of sport fans across the world and their
inclination towards sport stadiums are envisioned to bolster the growth of
global LED stadium screens market over the forecast period.
Increasing number of stadiums
Continuous
emergence of new stadiums coupled with growing modification in existing
stadiums is fueling the demand for LED stadium screens and other required
technologies. Further, increasing stadium capacities is also a considerable
factor which is increasing the demand for extra screens which in turn
anticipated fostering the growth of LED stadium screens market.
Although,
high installation cost of LED stadium screens is a major restraint to the
growth of global market. Additionally, growing preference for watching sports
through smartphones, computers and other media streaming devices is also a
major factor which is turning a part of population away from the stadiums which
is likely to restrain the growth of LED stadium screens market in near future.
The
report titled “LED Stadium Screens
Market: Global Demand Analysis &
Opportunity Outlook 2024” delivers
detailed overview of the global LED stadium screens market in terms of market
segmentation by technology, by color display, by products and by region.
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Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
This
report also provides the existing competitive scenario of some of the key
players of the global LED stadium screens market which includes company
profiling of Mitsubishi Electric, NEC Display
Solutions, Panasonic Corporation, Toshiba Corporation, Shenzhen Dicolor
OPtoelectronics Co.,Ltd,Barco NV,
Daktronics Dr., Electronic Displays Inc. The profiling enfolds
key information of the companies which encompasses business overview, products
and services, key financials and recent news and developments. On the whole,
the report depicts detailed overview of the global LED stadium screens market
that will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
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The Analyst @
About Us:-
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Contact for more
Info:
Ajay
Daniel
Phone:
+1 6465869123
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